PFC- Long term look to buy in the zone 97-105

AbhishekHSinghCMT Updated   
Short term one can play going long above 137 where a mini double top is placed, but long term look to buy in the zone 97-103. 103 is an important swing low as PFC had a strong bounce from that low.

Related Analysis Attached below- PFC on monthly chart
Trade active:
13:55 Hrs 25th Dec2016

Last Price@120

If there is a pause in downfall & it starts moving above 120 then going beyond 124-125 -can be looked at short term upside atleast till 130-32 zone with the latest low as stops & above 132 for similar highs of 137.

Trade active:
06:56 Hrs 28th Dec2016

Last Price@117

One can play on long side Intraday if dips below 110 or close to 110 for targets 115-117 & book profits & run away

Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw

Twitter Handle

Telegram Handle

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.